This basis of premium involves units of exposure, and the quantity comprising each unit of. exposure is indicated in the classification rates, such as âper personâ. Endurance American Specialty Insurance Company EGL 1305 0606. Page 2 of 5.
DEFINITION of 'Conservatorship' A conservatorship is a situation or circumstance wherein the courts determine that an individual is not capable of overseeing and dealing with legal matters, thus the individual appoints someone else, a conservator, to take care of such matters.
A. Conservatorship 1. Sole Managing / Joint Managing. Prior to 1995, the status of the law was that when parent divorced, one parent (generally the mom) was appointed the sole managing conservator and the other parent was appointed a possessory conservator (also known as the visiting parent).